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Shareholder Committee - Tuesday, 14 July 2026 - 2.00 pm
July 14, 2026 at 2:00 pm Shareholder Committee View on council websiteSummary
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The Shareholder Committee met on Tuesday 14 July 2026 and approved the business plans for two council-owned companies, Evolve Norse and Waltham Forest Services Ltd. The committee also noted the financial performance of Evolve Norse for the previous financial year and approved changes to the board structure of Waltham Forest Services Ltd.
Evolve Norse Business Plan 2026/27 and Company Performance for 2025/26
The Shareholder Committee approved the Evolve Norse Business Plan for 2026/27. Evolve Norse is the property services and built environment joint venture between Waltham Forest Council and the Norse Group, established in April 2022. The committee also noted that the company did not incur any financial losses in the 2025/26 financial year and generated £27,000 in rental income for the council. The report highlighted Evolve Norse's work in delivering schools maintenance, compliance, and capital works programmes, including the £2.0 million schools' capital repairs programme and construction works on a new activity studio at Willowfield School. The joint venture also supported regeneration projects and the conversion of vacant council assets into temporary accommodation.
Waltham Forest Services Ltd 2026/27 Business Plan
The committee approved the Business Plan for Waltham Forest Services Ltd for 2026/27. Waltham Forest Services Ltd, along with Waltham Forest Trading Ltd, was established in 2018 as wholly owned subsidiaries of Waltham Forest Council. The company operates under two brands: Servicestore, which provides facilities management, property maintenance, gardening, pest control, and renovations; and Kanopiworks, a retrofit service offering solar panels, air source heat pumps, insulation, and heating control systems. The committee noted the company's performance against its 2025/26 Business Plan, which showed robust financial growth and significant reinvestment into council budgets, exceeding £2.4 million since 2018. The company also delivered over £5.5 million in social value in the last two financial years. The 2026/27 business plan forecasts strong sales, driven by continued expansion in both council and non-council contracts, particularly in housing, and a notable increase in revenue for ad hoc services. The committee also approved changes to the Board structure of Waltham Forest Services Ltd.
Delegated decisions linked to this meeting
Decision summaries below are AI-generated from the council’s published record. Check the council source or the full decision page before relying on them.
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Evolve Norse Business Plan 2026/27 and company performance for 2025/26
Recommendations ApprovedThe Shareholder Committee approved the Evolve Norse Business Plan for 2026/27 on 14/07/2026. The committee noted that the company did not lose money in the 2025/26 financial year but provided £27,000 in rental income to the council. The business plan includes rebranding to Waltham Forest Norse and progressing the Crematorium project in Chingford.
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Waltham Forest Services Ltd 2026/27 Business Plan
Recommendations ApprovedThe Shareholder Committee approved the Waltham Forest Services Ltd 2026/27 Business Plan and changes to the Board structure on 14/07/2026. The committee also noted performance against the 2025/26 Business Plan.
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Waltham Forest Services Ltd 2026/27 Business Plan
Recommendations ApprovedThe Shareholder Committee approved the 2026/27 Business Plan for Waltham Forest Services Ltd and changes to its Board structure on 14 July 2026. The committee also noted performance against the 2025/26 Business Plan.
The Council approved the award of a Multi-Trade Measured Term Contract for planned maintenance works to schools and corporate buildings to Kirkman & Jourdain Ltd for a two-year period, with an option to extend for two further years, on 3 April 2025. The contract value will not exceed £4,000,000.
The Council agreed its Scheme of Delegation for non-executive functions on 21 May 2026. This confirmed delegations to officers as set out in the Council's Constitution and the General Scheme of Delegation.
The Licensing Act 2003 Sub-Committee granted a premises licence to East London Brewing Company on 16 April 2026. This included conditions agreed with the applicant and representations from other persons.
Attendees
